GENDELL JEFFREY L ET AL 4
4 · IES Holdings, Inc. · Filed Jun 16, 2026
Research Summary
AI-generated summary of this filing
IES Holdings (IESC) 10% Owner Jeffrey Gendell Sells Shares
What Happened Jeffrey L. Gendell (reported as a 10% owner via Tontine Capital Partners, L.P.) sold 46,720 shares of IES Holdings, Inc. (IESC) in open-market transactions on June 12, 2026, generating aggregate proceeds of approximately $35.34 million. The filing shows the following disposals:
- 19,996 shares at a weighted average around $750.24 — $15,001,799
- 4 shares at $752.18 — $3,009
- 7,491 shares at a weighted average around $758.74 — $5,683,721
- 10,000 shares at $760.47 — $7,604,700
- 2,509 shares at $761.73 — $1,911,181
- 6,720 shares at $764.54 — $5,137,709
These were sales (not purchases or option exercises) and therefore are generally routine dispositions by an affiliate rather than a direct buy signal.
Key Details
- Transaction date: June 12, 2026; Form 4 filed June 16, 2026 (within required filing window).
- Price details: sales executed across prices ranging roughly from $750.24 to $764.54 (see footnotes for exact per-lot ranges and fixed-price lots).
- Who sold: All shares reported were sold by Tontine Capital Partners, L.P. (TCP), an entity affiliated with Mr. Gendell.
- Holdings after sale: TCP’s direct shares drop from 5,477,671 to about 5,430,951 following these disposals. Mr. Gendell’s personal direct holdings (44,599 shares) were not reported as sold and remain unchanged.
- Notable footnotes: multiple footnotes describe that certain lots were sold at specific single prices (e.g., 10,000 at $760.47; 2,509 at $761.73; 6,720 at $764.54) and that some reported prices are weighted averages across multiple trades. Joint filing and standard disclaimers about beneficial ownership are included.
- Filing status: Report appears timely (filed within the two-business-day deadline).
Context
- These sales were executed by a fund (TCP) controlled by Mr. Gendell rather than a direct sale by him personally; for retail investors, that distinction matters because fund-level liquidity or rebalancing is a common reason for such trades.
- No options exercises, awards, or gifts are reported in this filing — solely open-market sales (transaction code S).
- Facts only: the filing documents the transactions and remaining holdings; it does not state motivations for the sales.
Insider Transaction Report
Form 4
GENDELL JEFFREY L ET AL
DirectorExecutive Chairman10% Owner
Transactions
- Sale
Common Stock, par value $0.01 per share
[F1][F2][F3][F4][F5][F6]2026-06-12$750.24/sh−19,996$15,001,799→ 10,433,283 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F2][F3][F4][F5][F6]2026-06-12$752.18/sh−4$3,009→ 10,433,279 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F7][F2][F3][F4][F5][F6]2026-06-12$758.74/sh−7,491$5,683,721→ 10,425,788 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F8][F2][F3][F4][F5][F6]2026-06-12$760.47/sh−10,000$7,604,700→ 10,415,788 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F9][F2][F3][F4][F5][F6]2026-06-12$761.73/sh−2,509$1,911,181→ 10,413,279 total(indirect: See footnotes) - Sale
Common Stock, par value $0.01 per share
[F10][F2][F3][F4][F5][F6]2026-06-12$764.54/sh−6,720$5,137,709→ 10,406,559 total(indirect: See footnotes)
Footnotes (10)
- [F1]All shares of Common Stock reported as sold in this Form 4 were sold by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"). The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $750.24 to $750.43, inclusive. The reporting person undertakes to provide IES Holdings, Inc. (the "Issuer"), any security holder of the Issuer or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F10]These shares were sold in multiple transactions each at a price of $764.54. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.
- [F2]This report is filed jointly by TCP, Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Capital Overseas Master Fund II, L.P., a Delaware limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA"), Tontine Associates, L.L.C., a Delaware limited liability company ("TA"), Tontine Capital Overseas GP, L.L.C., a Delaware limited liability company ("TCO"), and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM; (c) TAA, the general partner of TCP 2; (d) TA; and (e) TCO.
- [F3]TCP directly owns 5,477,671 shares of Common Stock, TCM directly owns 1,910,529 shares of Common Stock, TM directly owns 1,410,162 shares of Common Stock, TCP 2 directly owns 710,934 shares of Common Stock, TAA directly owns 96,891 shares of Common Stock, TA directly owns 640,057 shares of Common Stock, TCO directly owns 47,284 shares of Common Stock, Mr. Gendell directly owns 44,599 shares of Common Stock and 65,069 phantom stock units granted to him pursuant to the IES Holdings, Inc. 2006 Equity Incentive Plan, as amended and restated, and Mr. Gendell's adult children own 3,363 shares of Common Stock through trusts for which Mr. Gendell acts as trustee.
- [F4]All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
- [F5]Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TM, TCP 2, TAA, TA and TCO. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP.
- [F6]TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2. TA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TA. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM. TCO disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCO.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $758.74 to $759.31, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- [F8]These shares were sold in multiple transactions each at a price of $760.47. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.
- [F9]These shares were sold in multiple transactions each at a price of $761.73. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold in each separate transaction described in this footnote.